March 10, 2010, Cover Stories, Research
Black Swan or Black Turkey?
The Great Recession is just the latest financial ‘black turkey,’ said the CFA Institute's Laurence B. Siegel at the Morningstar/Ibbotson conference in Orlando.
Some people have suggested that the financial crisis of 2007-2009 was a black swan event. Others, like Laurence B. Siegel, the research director of the Research Foundation of the CFA Institute, think it was a bird of a different feather.
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